Jiangsu Ruitai New Energy Materials Co.,Ltd.’s Net Profit Dropped 44.4% in First Half of 2023

Jiangsu Ruitai New Energy Materials Co.,Ltd. (江苏瑞泰新能源材料股份有限公司) (301238.SZ) reported a net profit of 307.2 million yuan in the first half of 2023, down 44.4% year-on-year.

Meanwhile, the company posted 2.1 billion yuan in revenue, down 38.3% year-on-year.

At the end of the reporting period, it had 10.4 billion yuan in total assets and 3.1 billion yuan in total liabilities, with a liability-to-asset ratio of 30%.